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Search Results 0 to 44 of about 45 (some duplicates have been removed)
of the financial sector. there's other sobering data as well, showing a still sluggish recovery. the commerce department revised its estimate of second-quarter economic growth down yesterday from 1.7%. mitt romney seized on the change in springfield, virginia. >> we are at 1.3%. this is... this is unacceptable. >> woodruff: other economic indicators also paint a mixed picture. the stock market itself, while down today, has been climbing in recent weeks to its highest levels in nearly five years. today, the dow jones industrial average lost almost 49 points after a weak manufacturing report and worries over europe to close just over 13,437. and the housing market may be stabilizing. a key index showed home prices rose in july to the highest level in almost two years, pointing to a recovery there. consumer spending was also up last month, but it was largely to pay for higher gasoline prices. for a closer look at all this with two people who follow these matters closely, we turn to kenneth rogoff, a professor of economics and public policy at harvard university, and co- author of "this time, it'
and if these incentives that could be changed to incentivize? >> absolutely. but think a lot of the department of commerce help small and medium-sized businesses. 50% of their jobs to train our small come and medium-sized companies and small have an advantage because they are doing things. they can afford automation, making products rooted in their communities. and the reason i'm so passionate to some of these attacks on commerce is because some people say, well, we can just eliminate all of that. this subsidy, government assistance. well, the people who need the governments help in a world where their countries are subsidizing multinational corporations at the small and medium-sized businesses. there are a number of programs that help and are designed to help small and medium-sized program, an extension partnership, the export promotion agencies, a number of others that i describe in the book. i think sending men and coming to a bipartisan is that we need to work with some of them can be the one step in offsetting the disadvantage they are under competing with large companies. >> hi. in the absence of bi
the hour-long debate, including iran, women's rights, and economic policy. >> the u.s. chamber of commerce said professor warns tax policies and her approach to them are the greatest threat to free enterprise. it is said it would cut 700,000 jobs, 17,000 in massachusetts. these are independent groups who have analyzed and pointed this out. i am going to protect the hard- working men and women, the job creators, the people getting up in the middle of the night and creating jobs. >> i think the point here is the chamber of commerce has not talked about my particular proposals. what i am talking about is how scott brown has already voted and also talking about what he said in his own voice last week that it wanted to make crystal clear. and that is that he would like taxes go up for 90% of families in order to protect tax breaks for the top 2%. >> in an appearance on the spanish-language network on thursday, president obama faced tough questions over his immigration policies. including his failure to fulfill a campaign promise to enact comprehensive immigration reform during his first your of
the symbols of american streng streng strength, our economy and our commerce, be our military might and our democracy. and took the lives of citizens from more than 90 countries. it was the worst terrorist attack on america in our history. today, people gather across the united states, around the world to remember the tragic events of 9/11. some take part in ceremonies like this. others spend time in quiet reflection and prayer. all of us take a moment to remember again where we were at that fateful moment. here together, as one family, we pause to honor and to pray and to remember 184 lives lost at the pentagon, more than 2,700 killed in lower manhattan. and the 40 who perished in that field in pennsylvania on flight 93. these victims' families remember those who were lost as mothers and fathers, brothers and sisters, sons and daughters. the family members here today know that the entire nation, entire nation joins you in mourning the loss of your loved one. we are honored by your presence. and just as your loved ones are heroes forever, so are all of you. today, be we also recognize and r
out economy and our commerce our military might and our democracy and took the lives of citizens from more than 90 countries. it was the worst terrorist attack on america in our history. today, people gather across the united states, around the world to remember the tragic events of 9/11. some take part in ceremonies like this. others spend time in quiet reflection and prayer. and all of us take a moment to remember again where we were at that fateful moment. here together as one family, we pause to honor and to pray and to remember 184 lives lost at the pentagon more than 2,700 killed in lower plant, and the 40 who perished in that field in pennsylvania on flight 93. these victims, families, remember those who were lost as mothers and fathers, brothers and sisters, sons and daughters. the family members here today know that the entire nation -- the entire nation joins us in mourning the loss of your loved ones. we are honored by your presence and just as your loved ones are heroes forever, so are all of you. today, we also recognize and remember other heroes, those first responders w
have always said that change takes more than one term. lou: but can we afford another term? commerce department today revising real second-quarter gdp growth down to an anemic 1.3%. down from the previous of 1.7%. it is the lowest reported growth rate since the third quarter of last year. bad news in the manufacturing sector as well. orders for durable goods plunged more than 13% in august. since the month president obama took office, much worse than economists had feared. alan krueger writing that we are making progress and the last thing we should do, said this economist, is returned to the economic policies that failed us in the past. his predecessor in the white house, austan goolsbee had predicted earlier this year that economic growth is your own 10 year would be a big obstacle to the president's reelection. >> i would say if the economy is growing 3% or above, the presidents would have major headwinds. he will be facing trouble for it. lou: recent polls show incredibly that the romney campaign has been unable to capitalize on the president's economic policy failure. >> we will
the commerce department and what it showed was that the median price of a newly constructed home is at $257,000. that's a jump up 11% from july to august. now, a few reasons for these higher prices. less of a supply of homes on the market and that means more people are going after fewer properties. plus, mortgage rates are at record lows. that's a real good incentive to get people out there to buy. also, an increasing number of buyers. they just haven't been able to find previously owned homes that they like, they are opting to go brand-new and those are traditionally more expensive. victor? >> good news for the housing market. what impact did this have on the overall economic outlook? >> no doubt about it. housing is really a critical component and manufacturing is what pulled us out of the recession and economists, they want to see them pass the baton. that's really important for consumer spending because when people feel like their home is worth more, they feel wealthier and they tend to spend more and that's something our economy needs. a direct correlation with the job's market. people
. aspercreme. >>> some good housing news today. housing starts are up. according to the commerce department. construction of homes and apartments was up about 2.3%. you have to seasonally adjust to get the real number, about 750,000. single family housing starts alone were up 5.5% to about 535,000. what asks all this mean? the best pace since april 2010, which is why the national association of home builders reported that build confidence is really good. the best since 006. which brings me to tonight's number. 71%. despite that seemingly good news, we are still 71% below the housing start high, which was in january 2006, and despite the increase, multifamily start, apartment buildings, were down and building permits, which are a very good sign of future construction, were also down. also, many of the would be buyers reported difficulty qualifying for the loans and down payments banks require. bottom line, the fed can keep interest rates really low. seems to not be the major part of the problem. >>> 32-year-old deanna cook called dallas 911 begging for help as her ex-husband attacked her in
and the internet became a platform for e commerce and services and 1985. after that we had a lot easier search for a permission and enabling more and more information communication technology innovation. in the coming years our governments embraced that i see tea dividend for the hope of the economic growth and productivity that it enabled and for the innovation agenda that it enabled. and we started to put more and more of our business services on to the backbone of the internet. today we have e-banking and e-commerce already in the internet. we are moving toward a future of having our energy distribution of a smart protected to the internet. we are moving to a generation of next generation aviation and air traffic control that is controlled by the internet and over the internet. and so we have moved so much of our essential services on to the internet than one has to ask, is that what it was designed for? is it's a cure for what we need a fork in the future? this brings about three tensions. i am going to try to stick to three. three tensions that we are seeing in the policy world and then t
budgets of the departments of commerce, education, energy, homeland security, interior, justice, state, plus the federal courts. so how is it that we're able to borrow so much money and pay so little interest on it? why aren't we like spain or italy or greece? if sorting out because we will manage our finances, or that we have a political system that seems to be a marvel of efficiency of compromise and comedy. it's because the rest of the world looks even worse. the united states is the world's tallest midget when it comes to borrowing money. if this could go on for ever, it would be fantastic. it is not going to go on forever. i have no clue when it's going to in but it's not going to go on forever. as interest rates return to normal, the share of the federal budget that goes to interest is going to rise. and that will crowd that spending on other things. it means they will pay taxes and will borrow money and some of the money would borrow will go to pay interest on the money we borrowed flashy. some of taxes we pay will go to pay interest to our creditors. and those creditors are inc
of american strength -- our economy and our commerce, our military might and our democracy -- and took the lives of citizens for more than -- from more than 90 countries. it was the worst terrorist attack on america in our history. today people gather across the united states, around the world to remember the tragic events on 9/11. some take part in ceremonies like this. others spent time in quiet reflection and prayer. all of us take a moment to remember again where we were at that fateful moment. here together as one family, we pause to honor and to pray and to remember the 184 lives lost at the pentagon. more than 2700 killed in lower manhattan. and the 40 who perished in that field in pennsylvania on flight 93. these victims families remember those who were lost as mothers and fathers, brothers and sisters, sons and daughters. the family members here today know that the entire nation joins you in mourning the loss of your loved ones. we're honored by your presence and just as your loved ones are heroes for ever, so are all of you. today we also recognize and remember other heroes,
. brilliant. >> shepard: yeah, everybody seemed to laugh it off. local chamber of commerce slammed those folks on facebook saying they are lucky they got away because the bison, well, it's big. the florida teenager who had his arm bitten off in an alligator attack back in july says is he getting used to his new prosthetic arm it helps him open water bottles, grab different items and even weld. a couple of months ago the teen fought off a gator while swimming in a river in southwest florida. wildlife officials later found his arm inside that gator intact. but mangled to the degree that they couldn't reattach it. trace gallagher with the news. is he live with us tonight. bionic arm. >> brand new technology. fred langdale is first in the world to get this thing. not exactly the $6 million man. it runs $80,000 which was donated. interesting because the arm uses censors to control movements and each finger has its own motor that allows to you grip in a natural way. can he actually grab an egg. can he hold a styrofoam cup of coffee and at the same time he could crush a beer can. it's tough to get th
to attend the chamber of commerce awards, the san jose engineering banquet awards and the lunar new year luncheon we asked about earlier when he said no matter issues were discussed. do you feel like you should be charging taxpayers for that? >> if people ask me questions about water, i definitely aware that people ask me questions about water. >> reporter: should you charge for it if it's just a matter someone may ask a question? >> it's a judgment call. >> you are not necessarily pay to show up. you're paid to do your job. >> reporter: judy nadler heads up the ethics department at santa clara university. >> the presumption that when you go out in the public someone will, a, recognize that you're a water board member and, b, have a pressing issue that they want to discuss at a social event, i think it's actually unlikely. >> reporter: and it's not just events they charge for. the director racked up more than $14 last year in membership fees for rotary club and professional societies. >> for the past 12 months i stopped charging it. >> reporter: taxpayers are still picking up the tap for
commons to keep them safe for the trade and commerce vital to lifting people from poverty. while the war is iraq is over, nearly 70,000 american troops will still remain in afghanistan at the end of the month. our goal should be to complete a successful transition to afghan security forces by the end of 2014. we should evaluate conditions on the solicit the best advice of our commanders. we can agree that they deserve a clear mission and resolute resources they need to complete that mission and they deserve a country that will provide for their needs when they come home. [ applause ] of course, the return of our troops cannot and must not be used as an excuse to hollow out our military through devastating defense budget cuts. it is true that our armed forces have been stretched to the brink, and that's all the more reason to repair and rebuild. we can always find places to end waste, but we can't cancel program after program. we cannot jeopardize critical missions and cut corners in the quality of the equipment and training we provide to our men and women in uniform. >> this is a speech
filed last week hit the lowest level in two months. but the commerce department revised its estimate of second quarter economic growth from 1.7% down to 1.3%. the economic numbers were fodder for republican presidential nominee mitt romney. at a campaign stop in springfield, virginia he said the slow growth was proof that president obama's economic policies have not worked. >> if you don't believe me why look at the price of gas and the jobs in your community and the members of your family that are struggling for good work. if you don't believe me look at the numbers that just came out in the growth of our economy. 1.3% versus russia at 4%, china at 7-8%, we are at 1.3% this is unacceptable. it is not working. i know what it takes to get things working. >> sreenivasan: 200 miles away in virginia beach, president obama acknowledged the economy is still struggling. but he also promised the crowd he'll push for an era of what he called economic patriotism. >> during campaign season you always hear a lot about patriotism. well you know what? it's time for a new economic patriotism. an ec
and commerce bank are named. >> is the british public ready to sell their stake to a chinese company? i don't know. we're open for business, you but we need to see the profit on the table. >> the world's top designers have been showcasing their latest collections in london. i went down to check out the shows and find out just what the forecast is for the luxury market. asked vivian westwood where she sees pockets of growth. >> at the moment, it's in china. if you didn't have the chinese buying things, then the fashion business would be completely on the floor. it won't migrate to africa, you know. it's just not going to happen. by then, we'll be frying by then in this climate change. we've got to do things in between. if we do things in between, i don't know where we'll be in the future. but i have far too much product. the nation of the fashion business is that in order to support the nucleus of what you do, there are so many spinoffs that you have to have because it has to be subsidized by these spinoffs. what i do would lose money if it didn't up the spinoffs. i don't know. it's just a w
of american strength, our economy and our commerce, our military might and our democracy. and took the lives of citizens for more than 90 countries. it was the worst terrorist attack on america in our history. today, people gather across the united states, around the world to remember the tragic events of 9/11. some take part in ceremonies like this, other spend others spend time with quiet reflection, prayer and all of us take a moment to remember again where we were at that fateful moment. here together as one family, we pause to honor and to pray and to remember 184 lives lost at the pentagon, more than 2700 killed in lower manhattan and the 40 who perished in that field in pennsylvania on flight 93. these victims families remember those who were lost as mothers and fathers, brothers and sisters, sons and daughters. the family members here today know that the entire nation, the entire nation, joins you in mourning the loss of your loved ones. we are honored by your presence and just as your loved ones are heroes forever, so are all of you. today we also recognize and remember other heroes
chamber of commerce. what is the message, good morning. >> apart from just jobs and the economy and it's laser like focus that the romney campaign has had in recent months. they are making the argument that there is so much upheaval around the world and domestically as well that the framework of the election needs to change from jobs and the economy to a change of president on all fronts. the romney campaign saying that president obama amounts to a status quo reee hreb. i re-election. if change matters to the american people they should vote for mitt romney. romney will point out that president obama promised to make immigration reform a priority and he will suggest that that is yet another example of a broken obama promise. mr. romney will also go on and detail a little bit about how he would reform immigration law and the hispanic vote is obviously incredibly important not only in california but across the country. mr. romney trails by a 3% margin. in that regard mr. romney is off the pace. it's generally accepted that a republican needs to get well over the mid 30s in order to be tr
, making certain that our infrastructure is strong and able to move our situation of a comeback, commerce requires the shipping of freight. it needs the infrastructure, our communities require that our investment in infrastructure otherwise they go it the way of a property tax or less progressive tax structure. so we know what needs to be done and the denial here by the do-nothing republican congress is not acceptable. it's painful. it's immoral. it's insensitive, it's un-american. to put partisanship ahead of partnership is unacceptable. we know that the american spirit requires better than that. and so we need to respond to america's working families. we need to respond to the hope that ought to be delivered to the doorstep of families across this great nation. our history is replete with investment, investment to take us to new ages, new elements of success, new impacts on the world scene. you know, earlier i had spoken of the mill towns that became epicenters of invention. it was their product delivery coming out of the mill towns, coming out of those 24-hour- a-day operations, not in
litigate risks that establishes measures to promote the safe movement of people and commerce and protecting civil rights and civil liberties. with this in mind, we are also delivered an efforts to provide travelers an opportunity to be heard. the inquiry program is a single point of contact for individuals, who have increased the experiences during travel. today, in response to 9/11, we have significantly adapted and enhance our ability to detect travel threats at the earliest opportunity. we do not work alone in this mission. terror screening is a multiagency and collaborative effort. more work remains to be done. i can assure you that the men and women of the department of homeland security never forget. our goal is to keep the country safe. for us it is not a job. it is a mission. thank you for this opportunity to update the committee on the progress we have made in recent years and thank you for holding this hearing. i have submitted written testimony and requested us to be made part of the record. >> thank you very much. the chair now recognizes mr. kevin mcaleenan. >> yes, that is ve
to the hispanic commune like he's going to the chamber of commerce and mac a case that his policies will be better for hispanics. >> i'd say you have to good out to latino commune and apologize. of all the stuff he said, this to me is the most offensive. first of all, here's a guy that's worth hundreds of millions of dollars complaining that because he's not of a racial or ethnic minority in this country that he's somehow been treated unfairly. this reinforces the stereotype that a lot of people have that somehow we're giving an unfair advantage to people who are from communities of color. here's a guy who's had all the advantages in the world. >> interesting point. >> hundreds of millions of dollars. what was he thinking to show incredible lack of judgment to do this in front of -- it looks like there are several dozen people in this room. what is this guy thinking? he's run are for president of the united states. >> the good news, it will give us a lot to talk about. margaret hoover, mr. socarides. >>> he'll be join by bay buchanan. >> i think margaret would like to speak on his behalf. can i sp
Search Results 0 to 44 of about 45 (some duplicates have been removed)